Morning News Leader: Abbott Labs (ABT) Posts Positive Earnings Surprise
Abbott Laboratories (ABT) is up 3.8% Wednesday morning. The company reported second-quarter earnings of 82 cents per share, versus the consensus 80 cents. Abbott posted sales of $8 billion for the quarter, which was in-line with the consensus estimate.
Abbott Laboratories (ABT) manufactures medical devices.
Bank of America Corporation (BAC) and U.S. Bancorp (USB) top the list of other companies with positive news today, while CSX Corporation (CSX) and Ericsson ADR (ERIC) top the list of companies with negative news.
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About Abbott Laboratories
Abbott manufactures and markets medical devices, blood glucose monitoring kits, nutritional healthcare products, diagnostic products and equipment, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, and molecular and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.